Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

With competition in the global steel markets still fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in October 2019.The case list below includes only updates. For other continuing cases,...Read More

RAPAPORT... De Beers has restated its estimation of global diamond-jewelry sales following a new study valuing the diamond content in jewelry purchases since the 2008 recession. The group also revised its production data to reflect lower output than previously believed, stemming from an overestimation of the artisanal mining sector. Global diamond jewelry demand rose 2.4% to $76 billion in 2018, d...Read More

A summary of the financial results of German metals distributor Kl??ckner & Co for the third quarter of 2019.Kl??ckner & Co attributed a significant year-on-year decrease in operating income to low steel prices and weak demand,Earnings before interest, taxes, depreciation and amortization (Ebitda) ?,?26 million, down from ?,?59 million in...Read More

RAPAPORT... Revenue from the retail division of Berkshire Hathawayincreased 5% to $4.04 billion in the third quarter, the company reportedSaturday. The improvement in the division, which includes jewelrychains Borsheims, Helzberg Diamonds and Ben Bridge Jeweler, was buoyed in largepart by the company's car business, including sales of pre-owned vehicles,automotive financing, and repair work....Read More

RAPAPORT... Two gem labs have joined forces to identify a method for determining whether a pink diamond came from the Argyle mine in Australia, and are issuing lab reports confirming their provenance.Beginning in 2014, the team, led by Branko Deljanin,director and colored-diamond specialist at Canadian Gemlab (CGL), begancollecting natural pink diamonds from the mine in Western Australia...Read More

RAPAPORT... The diamond industry has much riding on this holiday season, having endured tough market conditions in 2019. While the trade reduced inventory levels in the third quarter, a large quantity of less popular items remain available. Meanwhile, US jewelry retailers are growing more conservative about buying inventory, taking more goods on memo and increasingly using technology to boost sale...Read More

(IDEX Online) - Christie's New York has become embroiled in a dispute over the sale of a $40 million pink diamond known as The Princie Diamond. The diamond was sold by a member of the Qatari royal family in 2013.A lawsuit by Amedeo Angiolillo claims that the auction house sold the diamond despite his objections. As reported by The Telegraph, Christie's said that not only does Angiol...Read More

(IDEX Online) - Platinum Guild International (PGI) will host an e-commerce platform to create a destination for consumers looking to buy platinum jewelry. "The intent of this platform is to give designers an opportunity to share their platinum pieces directly with consumers, whom we know are interested in purchasing online," said Jenny Luker, PGI-USA's president. "By creating a dest...Read More

Production at Aim-listed Firestone Diamonds' Liqhobong mine, in Lesotho, has resumed, after the company successfully installed rented diesel generators to power the mine's processing plant.The diamond miner last month reported that the mine was struggling amid insufficient power supply from the Lesotho grid, as a result of a two-month maintenance shutdown of the Lesotho Highlands Water Pro...Read More

Participants in the seaborne coking coal market are maintaining a bearish outlook amid quiet trading, with many divided on the price gap between premium low-vol and mid-vol cargoes.Fastmarkets indicesPremium hard coking coal, fob DBCT: $134.16 per tonne, up by $1.78 per tonnePremium hard coking coal, cfr Jingtang: $146.36 per tonne, up by $1.28 per tonneHard coking coal, fob DBCT: $123.21 per tonn...Read More

Turkish steel mills returned to the deep-sea markets on Monday November 4, booking several cargoes from different origins and pushing prices up further, sources told Fastmarkets.The three newly booked cargoes end a week-long quiet period since the previous booking, all with a very similar composition and pricing. Two of the cargoes were of US origin. The first, booked by a steel mill in...Read More

Turkish domestic auto bundle scrap prices have increased again over the past week, in line with rises in imported scrap values, sources said on Monday November 4.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,400-1,555 ($243-269) per tonne on Monday, narrowing upward from TRY1,385-1,555 per tonne last week.Four steel mills have raised...Read More

Polymetal building with good momentumSPONSOREDpolymetal internationalDrilling in Q3 revealed two mineral finds: a gold-copper occurrence comprising three targets, known as Avshancli, and a gold-hosting quartz vein named Gilar.Read More

Poster South Africa mine regeneration on trackSPONSOREDorion mineralsThe company is aiming to start copper production this quarter at its Gunnison in-situ recovery project in Arizona, which is permitted to produce 125 million pounds annually of copper cathode.Read More

Prices for mid-grade seaborne iron ore slid below $85 per tonne cfr China on Monday November 4, the first time since August 30.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $83.27 per tonne, down $2.29 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $83.09 per tonne, down $2.29 per tonne.62% Fe low-alumina fines, cfr Qingdao: $82.71 per tonne, down $2.23 per tonne.58% Fe fines high-pre...Read More

Seaborne iron ore concentrate of some origins continued to trade at premiums compared with discounts for other cargoes last week, while the pellet market stayed tepid. Concentrates Fastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao was at $96.09 per tonne on Friday November 1, up by $1.07 from a week earlier. The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fi...Read More

China's domestic hot-rolled coil prices picked up some strength on Monday November 4 on robust trading activity after a stagnant week, though exporters appeared more willing to make concessions amid a pessimistic outlook for demand.DomesticEastern China (Shanghai): 3,510-3,520 yuan ($499-500) per tonne, narrowing upward by 10 yuan per tonneNorthern China (Tangshan): 3,510 yuan per tonne, up 10 yua...Read More

Trading activity in China's domestic rebar market picked up on Monday November 4 amid flat prices ahead of the China International Import Expo in Shanghai from Tuesday until Sunday.Eastern China (Shanghai): 3,670-3,700 yuan ($521-526) per tonne, unchanged Northern China (Beijing): 3,620-3,650 yuan per tonne, unchanged Rebar futures were trading above last Friday's settlement price of 3,364 yuan pe...Read More

With the exception of those for aluminium and zinc, base metals prices on the Shanghai Futures Exchange were down during the morning trading session on Monday November 4.The lackluster performance comes despite positive developments in United States-China trade negotiations regarding the signing of a "Phase One" deal as well as better-than-expected data that boosted wider risk sentiment heading in...Read More

Aurubis, Europe's largest copper producer, sees the domestic copper cathode market balanced, while the company's multi-metal strategy will see it better adjust to the region's changing trade landscape, chairman of the executive board Roland Harings told Fastmarkets in an interview during LME Week. The German-based producer has had a tempestuous year of change, with a leadership restructuring in Ju...Read More